Salary Cap: Marner Contract Discussion - Less than 2 weeks to camp

[hector morrison]

Do you (does anyone) know the personal tax rates in Florida?
I'm curious.

Not gonna relay numbers,but take it for what it's worth...Brian Burke recently said that Stamkos at 8.5M? isnetting more money than if the Leafs paid him 10M. Also mentioned that the 'cost of living' was lower in Florida than GTA...so maybe there is an unfair advantage! However, I haven't seen/heard it mentioned anywhere that considering all players are paid in US dollars that the exchange rate may be a factor....30 cents on the dollar (or thereabouts) can't be too hard to take!

 

[kb]

* Hurricane Dorian is coming! No worries. I'm happy to take less to play here.

* Play in Toronto? If you want me, you're going to need to pay a premium!

Which part of this don't I understand?

You are not factoring in that their houses will be there in 5 years, not under water.

 

[DanM]

* Hurricane Dorian is coming! No worries. I'm happy to take less to play here.

* Play in Toronto? If you want me, you're going to need to pay a premium!

Which part of this don't I understand?

Agreed!

Plus when you play in Toronto you get way more spotlight, Hockey night in Canada all the time, endorsements, media, and are basically treated like gods.

 

[kb]

jeff skinner also UFA, scored 40 goals, now compare Willy to Pasternak and GO

63 points as a career high. Go

 

[kb]

he was comparing his contract as a bargain already, how do you know he is going to be worth his contract do you have a crystal ball to sell? sheesh

How do you know it won't be?

Go

 

[ORRFForever]

Not gonna relay numbers,but take it for what it's worth...Brian Burke recently said that Stamkos at 8.5M? isnetting more money than if the Leafs paid him 10M. Also mentioned that the 'cost of living' was lower in Florida than GTA...so maybe there is an unfair advantage! However, I haven't seen/heard it mentioned anywhere that considering all players are paid in US dollars that the exchange rate may be a factor....30 cents on the dollar (or thereabouts) can't be too hard to take!

Leafs are also paid in U.S. $ so...

 

[ORRFForever]

Agreed!

Plus when you play in Toronto you get way more spotlight, Hockey night in Canada all the time, endorsements, media, and are basically treated like gods.

It doesn't seem to be enough. Oh well... it is what it is.

 

[Cleetus]

How do you know it won't be?

Go

how do you know it will be, he clearly said that Willys contract is a bargain, I hope it is but it is not yet, I hope Willy scores a 100 points, I want a cup Dang it

 

[hector morrison]

yes you gave me one example, 1! and now willys contract is a bargain because of Hayes, the pay scale is what when a player scored 27 points and is getting paid 7 million

Ok then...willful ignorance it is then.

 

[Cleetus]

Ok then...willful ignorance it is then.

not ignorance, its just facts, which you cannot grasp

 

[Cleetus]

63 points as a career high. Go

Pasternak 6.6 million 81 points GO

 

[hector morrison]

Leafs are also paid in U.S. $ so...

Right...so ,I'm thinking that 'cost of living' aspect and the no state tax advantage would maybe even out with the extra spending power of having US money while residing in Canada.Kinda like poeple in the tourist sector (where I reside) do fairly well if they are getting US tips.

 

[PromisedLand]

I truly don't understand Dubas' recent signing. Isn't playing in Toronto a carrot?

Then again, my guess (because I have not looked it up), the tax rates in Florida are likely LOW vs Ontario.

Florida still has a federal tax that players have to fork out; on top of that their spending over there is in US dollars. Players playing in Canada spend in canadian dollars; look at the exchange rate and the lifestyle of hockey players I would assume in terms of spending power and earning pay in US dollars it is more beneficial to play in Canada.

In terms of tax stuff there are ways of getting away with the tax read the article below:

John Tavares Could Save Nearly $12 Million In Taxes On His New Contract

Only team(s) that can get away with the tax scenario are the teams that have no state-tax (Florida is one of them).

US federal income tax rates
2018-2019 Tax Brackets | Bankrate.com

Canadian federal income tax rates
Canadian income tax rates for individuals - current and previous years - Canada.ca


US federal tax rates are higher than Canadian federal income tax rates for income over 500K; only thing US citizens have over us is they are allowed to deduct interest payments on the mortgage while filing taxes while we in Canada get screwed!

BUT.... why the hell would a hockey player need to get a freakin' mortgage? they can freakin buy a house in a jiffy as soon as the signing bonuses clears for them

US personal Income Tax Rates by state
2019 State Income Tax Rates

Provincial and Territorial Tax rates in Canada
9.2.5 Provincial and territorial income tax - Canada.ca

of all the NHL provinces (ON, QC, BC, AB and MB) Ontario has the best offer thus far for hockey players IMO and if you are an american it is even better because you can do the stuff mentioned in the forbes article above to avoid paying huge taxes.

Of course majority of the people in both countries who are not earning millions get a huge middle finger from the gov't and we can't do much about it but hockey players are paid well and also provided many avenues to save in "taxes". One cannot obviously compete with no tax states in the US like Florida but...... relatively speaking given that roster make up is only 23 players; ON is not a bad place to play

 

[kb]

Pasternak 6.6 million 81 points GO

Before or after he signed hiscontract.

Tiny peenie checkmate

 

[Cleetus]

Before or after he signed hiscontract.

Tiny peenie checkmate

willy signed his and put up 27 points lol whats your point?

 

[hector morrison]

not ignorance, its just facts, which you cannot grasp

You really should come up for air! Adios....

 

[Cleetus]

You really should come up for air! Adios....

lol grasping at straws, your think Willy's contract is a bargain, think you should come up for air

 

[kb]

willy signed his and put up 27 points lol whats your point?

Wow. 1 part season. That is checkmate? LMFAO.

It's ok. Are you a Leaf fan? Not. But enjoy your team losing to the Leafs every year.

 

[hector morrison]

You are not factoring in that their houses will be there in 5 years, not under water.

HA,the charlatan Al Gore said places like Florida and Manhattan would be under water by now...

 

[Legion34]

Matthews is overpaid that cannot be denied. That said....

Matthews
212 GP
205 pts
0.97 ppg
111 goals
0.52 gpg


Marner
241 GP
224 pts
0.93 ppg
67 goals
0.28 gpg


Playoffs:
Matthews 20 GP, 13 pts, 10 goals
Marner 20 GP, 17 pts, 5 goals

It's pretty tight in terms of performance that said Matthews plays center position and Marner plays wing. Given what Dubas forked out for Matthews, Marner is probably looking at a million less around 10 and 5 year term; leafs just gotta get the 6 year term from Marner.

btw i don't believe in this paul marner bs

Ok. Post the rest of the comparable players and show why you think he is overpaid?

Because those are elite numbers compared to the rest of the league over 20 years

 

[Cleetus]

Wow. 1 part season. That is checkmate? LMFAO.

It's ok. Are you a Leaf fan? Not. But enjoy your team losing to the Leafs every year.

wow 1 part season, it happened did it not?, and yes im a leaf fan, what a brutal rebuttal, oh because I do not like the Nylander contract im not a leafs fan lol nice try though!

 

[ORRFForever]

Florida still has a federal tax that players have to fork out; on top of that their spending over there is in US dollars. Players playing in Canada spend in canadian dollars; look at the exchange rate and the lifestyle of hockey players I would assume in terms of spending power and earning pay in US dollars it is more beneficial to play in Canada.

In terms of tax stuff there are ways of getting away with the tax read the article below:

John Tavares Could Save Nearly $12 Million In Taxes On His New Contract

Only team(s) that can get away with the tax scenario are the teams that have no state-tax (Florida is one of them).

US federal income tax rates
2018-2019 Tax Brackets | Bankrate.com

Canadian federal income tax rates
Canadian income tax rates for individuals - current and previous years - Canada.ca


US federal tax rates are higher than Canadian federal income tax rates for income over 500K; only thing US citizens have over us is they are allowed to deduct interest payments on the mortgage while filing taxes while we in Canada get screwed!

BUT.... why the hell would a hockey player need to get a freakin' mortgage? they can freakin buy a house in a jiffy as soon as the signing bonuses clears for them

US personal Income Tax Rates by state
2019 State Income Tax Rates

Provincial and Territorial Tax rates in Canada
9.2.5 Provincial and territorial income tax - Canada.ca

of all the NHL provinces (ON, QC, BC, AB and MB) Ontario has the best offer thus far for hockey players IMO and if you are an american it is even better because you can do the stuff mentioned in the forbes article above to avoid paying huge taxes.

Of course majority of the people in both countries who are not earning millions get a huge middle finger from the gov't and we can't do much about it but hockey players are paid well and also provided many avenues to save in "taxes". One cannot obviously compete with no tax states in the US like Florida but...... relatively speaking given that roster make up is only 23 players; ON is not a bad place to play

Thanks for the info.

 

[Legion34]

Right...so ,I'm thinking that 'cost of living' aspect and the no state tax advantage would maybe even out with the extra spending power of having US money while residing in Canada.Kinda like poeple in the tourist sector (where I reside) do fairly well if they are getting US tips.

You might be late to the party but this was discussed in earlier threads

Tax free states have a clear and unequivocal advantage in terms of take home pay.
Multiple GMs. Players and agents have said it. There are calculators on cap friendly.

There was a very illuminating article in the athletic where an accountant for 20 nhl players went through the differences in high tax Canadian markets like montreal/toronto vs tax free states like Nashville and Tampa.

The accountant went through different options. American in Canada. Canadian in Canada. European etc.

It proves just how big of an advantage the tax free markets have

 

[PromisedLand]

willy signed his and put up 27 points lol whats your point?

Corsi, CF%, xGF%

the puck just didn't go.....

 

[Cleetus]

Corsi, CF%, xGF%

the puck just didn't go.....

Elite zone entries lmao